rayh

@adamtaggart Ignore the bots and malcontents.

Here's a nice example of the pleasant people I've been dealing with all day

Well, I'm flummoxed again I made the following comment: "take today's conditions and then plunge the country into a recession plus a prolonged bear market & things can get MUCH worse" And half of X is losing its mind I would think this comment is akin to noting that "water is wet". But I guess...not for some. Note: I'm in no way denying that many Americans are struggling hard right now. I talk about the injuries and dangers of our K-shaped economy on my show every week. I'm just saying -- and ONLY saying -- that however bad you may think the economy is right now, things will get even worse should a real recession arrive And for some reason, some folks find that highly objectionable. Like I said...I'm flummoxed.

@SawyerMerritt @SpaceX IPO participation at ETrade requires that you fill out an Investor Profile Questionnaire. In the process of doing so, you either need to fund a new account and let them manage it or let them manage an existing account. Annual fee is 0.3% of account value.

I’ve been asked by many to create one comprehensive post explaining how to prepare for @SpaceX’s IPO if you use one of the brokerages listed in SpaceX’s S-1 filing to allocate IPO shares to retail investors. Here it is: Fidelity: 1) $500,000 minimum account balance required to participate (including IRAs, individual, etc, but excluding 401k). 2) Enter an indication of interest. The indication of interest provides Fidelity with the maximum number of shares a customer is interested in purchasing. 3) Confirm your indication of interest shares on Fidelity's website after the registration statement has been declared effective and the offering has priced, which is typically after 7 PM ET on the night of pricing. Indications of interest may not be confirmed prior to the registration statement being declared effective and the offering pricing established. By confirming your indication of interest, you are placing an order to buy shares at the offering price. If you do not confirm your indication of interest, you will not be eligible for an allocation of shares. 4) Allocation of shares will occur on the morning following pricing and is usually complete before 9:30 AM ET. An alert will be sent once allocations are complete, and you can check your account to determine whether you were allocated shares. If you receive an allocation of shares, you must have adequate funds available to settle the purchase in the settlement date which is typically the trade date plus one business day. 5) You may increase your indication of interest up through the close of the indication of interest period. You may decrease or cancel an indication of interest until share allocation takes place. Once share allocation takes place, your indication may not be canceled or modified. Charles Schwab: 1) $100,000 minimum account balance required to participate (including IRAs, individual, etc, but excluding 401k). 2) On Schwab's website, under the Trade tab, select the IPO page to view the Calendar of Offerings, a list of upcoming IPOs. Once the IPO offering window opens (expected first week of June), investors will have the ability to submit a Conditional Offer to Purchase (COTP), also known as an Indication of Interest, from this page. 3) During an IPO's open COTP window, select Start COTP to review offering details and the preliminary prospectus. Then select the green button to proceed to the Eligibility Questionnaire, which is required to confirm investors meet eligibility criteria and are not restricted (per FINRA rules) from participating. After completing the questionnaire, you'll be able to indicate how many shares you're interested in purchasing based on the price range provided. Select Confirm to submit the COTP. 4) After the COTP has been submitted, regularly monitor the IPO page, which will indicate the Status of Your Conditional Offers to Purchase (COTPs), the expected pricing date, and current pricing status, plus any changes in the prospectus. When the IPO has been priced, you will affirm your COTP. You must affirm your COTP once the effective price is established in order to be eligible to purchase shares. To do so, select Affirm Now to review and finalize the share quantity. Robinhood: 1) There's no minimum account size requirement, but you must have enough buying power to cover your requested shares if you are allocated any. You must have an individual brokerage account. Retirement, custodial, and multiple investing accounts are not eligible for IPO Access. 2) Make sure IPO Access is enabled in your Robinhood app. Turn on your IPO notifications so that Robinhood notifies you when the SpaceX IPO comes online. 3) Request Shares: Once the IPO is announced and available, you can request shares through the app or website. This is a request for IPO shares. By placing a conditional offer to buy (COB), you’re asking for the opportunity to purchase a quantity of shares at the IPO price. An investor may place, edit, or cancel a COB after the initial price range is published and before the confirmation period ends. 4) Allocation is random and not guaranteed. The number of shares you request factors into how many you actually get, but it doesn’t affect the likelihood that you’ll get any allocation. You may get all, some, or none of the IPO shares you request. E*Trade: 1) E*TRADE does not publicly list a specific minimum account size required to participate in IPOs, but contact them to double check. That said, allocation priority for “hot” IPOs may still favor larger or more active accounts in practice, even if there’s no official minimum balance requirement. 2) Be a U.S. resident, have an active E*TRADE account (Individual, Joint and IRAs are all eligible) and complete the investor profile questionnaire. 3) Sign up for IPO alerts. 4) Submit a conditional offer to buy ("COB"). As part of this submission, you specify the number of shares and the maximum price you are willing to pay per share. COBs can only be submitted via the New Issue Center. A COB may be submitted once an offering is listed as "open" up until the status is changed to "closed." COBs that have already been submitted may be amended or cancelled after an offering is "closed" up until the status is changed to "allocate." At this point, no further changes may be made to a COB and you are bound by the terms of your COB. If there is no material change in an offering, customers will not need to reconfirm their COBs. If you have submitted a conditional offer, you must have available buying power to cover the full amount of your conditional offer in the account through which you submitted the conditional offer. 5) Shares are allocated to eligible accounts as a proportion, or percentage, of the size of their COB. The percentage is based primarily on the number of shares provided to E*TRADE for sale to its customers and the size of the overall demand for shares from E*TRADE's customers. Given the expected high demand for this offering and the limited availability of shares available for sale to E*TRADE customers, many COBs may not be allocated shares (according to E*Trade). Additionally, in many instances, allocations will be significantly smaller than the size of shares requested in a customer's COB. 6) E*TRADE makes its allocations after the pricing of the overall offering but before the stock begins trading. E*TRADE will inform customers via alert or email whether they have been allocated shares. Any allocation should be reflected in the relevant customer account once that allocation has been processed by E*TRADE. Sofi: 1) There is no minimum account balance/size requirement. Have an active Self-Directed Invest account. 2) Go to the “IPO Investing” section in the app or website 3) Select the IPO 4) Complete the IPO suitability questionnaire 5) Submit an “Indication of Interest” (IOI), which is basically a non-binding request for shares. 6) When the IPO is officially priced, SoFi will notify you to confirm your order. NOTE: Don’t be surprised if you receive fewer IPO shares than you requested, or none at all. Demand for the limited number of IPO shares available to retail investors will likely be extremely high, and each participating brokerage will only receive a limited allocation of shares to distribute to retail investors. For our international friends, keep in mind that @SpaceX said in their S-1 filing that allocations will also be made to retail investors by the underwriters, which include: • Goldman Sachs • Morgan Stanley • Bank of America • Citigroup • J.P. Morgan • Barclays • Deutsche Bank Securities • RBC Capital Markets • UBS Investment Bank • Wells Fargo Securities • Allen & Company • Cantor • Needham & Company • Raymond James • Societe Generale • Stifel • William Blair • BTG Pactual • ING • Macquarie Capital • Mirae Asset Securities • Mizuho • Santander so you can try reaching out to one of these places if you have assets with them and you may be able to request an allocation of some shares. I've already seen that happen with some Goldman Sachs clients. Lastly, and I stated this in a previous post, @SpaceX specifically stated in their S-1 filing that any purchase of their Class A common stock in this offering through these platforms will be at the same IPO price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors, which means any retail investors that are lucky enough to get allocated some SpaceX IPO shares will pay the same price as the big guys. This will likely be the largest retail IPO share allocation in history, by far. If you have more questions, reach out directly to your brokerage and/or bank. And no, this post wasn't written by AI lol. Not financial advice.

@voiceofforex @TheChiefNerd Correct. And it will take a good 10 years. But it will eventually happen.

@TheChiefNerd Software folks first. Desk jobs folks second. Robots doing easy jobs third. Think cleaning and laundry. Electricians plumbers hvac last.

Bill Maher Says AI Robots Will Take the Jobs of Plumbers “I totally think a robot will be doing plumbing on your house.”

EXCLUSIVE: Bishop Barron blasts the Catholic left for 'demonization' of Trump, says there are 'moral reasons' to support border enforcement — citing child trafficking and thousands of missing kids. He wants dialogue, not lectures: 'Let's build bridges of conversation. That's a role the Church can play.'

@DonDurrett Trump's a deal maker. It may be that neither side blinked. (Trump may have used a big carrot. )

Trump Says Iran Peace Deal 'Largely Negotiated,' Hormuz To Reopen As Final Terms Discussed. Who blinked? 🤔 zerohedge.com/geopolitical/p…

Keynesianism is essentially a "greater good" framework. As is the "Rules Based Order" Now that the Rules Based Order is being torn down and an unapologetic "America First" doctrine is being implemented, the Fed will need to accommodate accordingly. #AutonomyNotIndependence

@elonmusk Indeed.

It was a very good day spacex.com/launches/stars…

@DonDurrett SpaceX, just tonight, launched a new 400+ ft rocket into space. If you don't know why, I suggest you go figure it out.

This is fake, right? 😳

@DonDurrett China is buying our jets and jet engines. Maybe we should buy some maglev trains from them.

This is fake, right? 😳

@adamtaggart And a shout out to the guy with the camera!

1970s: Just another Tuesday after school 2020s: Call Child Protective Services stat! Charge the parents as unfit, dismantle the bike, add speed bumps to the street to prevent future "triggering acts of unsafe velocity" & put all the kids on SSRIs

anyone else find it odd that the same people screaming about "datacenters using up land" all seem to support this? call me "mr. suspicious," but it's almost as if there's a grift in here somewhere...

If that addict on your street were your own son, what would you do? That is the defining question that guides my 5 step plan to fix the homelessness problem in LA. We *must* end this evil racket of corrupt politicians and NGOs who profit off the misery of these poor souls. They launder money and feed them more drugs, so they can keep their customers locked in this hell on our streets. We have a moral obligation from God to help them and make our city safe and clean for everyone. Karen Bass and Nithya Raman have forsaken this city. Time for real leadership. Time for real compassion.

Data centers aren’t stealing your water. Even if the total water draw of data centers triples by 2030, they’d require just 8% of the water consumed by American golf courses. @dodgeblake interviewed @AndyMasley, the man who’s been debunking AI water doomerism. Full story 👇

Co-sign.

For most of human history, women did not experience children as some rare interruptions to adult life. Babies were everywhere, in arms, on hips, asleep in slings, playing under tables while bread was kneaded and laundry was folded. A young girl did not grow up in a world separated from motherhood. So how can women want babies when they rarely see babies? A baby changes the atmosphere of a room, people smile more, they speak softer, they are gentler, there is more joy. Perhaps the desire for children has not disappeared nearly as much as we think. Perhaps many women have simply been separated from the very thing that used to awaken that desire in their hearts.

@elonmusk Elon, A great idea for a feature using Grok and FSD. A driver training mode for new drivers/ drivers with permits. Grok could provide real-time verbal tutoring and guidance for student drivers. It could even take over in case of emergency.

True

Justice Clarence Thomas: “The Declaration is, in fact, along with the Gospels, one of the greatest antislavery documents in the history of Western civilization . . . The ideas of the Declaration were so powerful that our nation could not coexist with the contradiction created by the great evil of slavery. Those principles were so powerful that hundreds of thousands of Americans fought and died in the Civil War to make men free. Those ideas have been so powerful that they convinced our nation to finally end segregation.” This is from the monumental speech Justice Thomas delivered last month celebrating the 250th anniversary of the Declaration of Independence at @UTAustin. Read and watch this speech. civitasoutlook.com/research/justi…

@tetsuoai @elonmusk FSD would benefit from memory.

Grok Build has three commands for managing memory across sessions: /memory, /flush, and /dream. They're experimental but worth looking at if you've ever been frustrated with how agents forget everything between conversations. /memory opens a window into what Grok has saved. There are three layers: global memory, workspace-specific memory, and per-session summaries. You can read what's there, edit it, or delete things you don't want kept. /flush is for when you've had a useful session and want it saved before context compaction kicks in. It writes a summary of the current conversation into the memory store, capturing decisions, debugging paths, project conventions, and anything else worth keeping. /dream runs in the background over your old session logs and memory fragments. It deduplicates overlapping notes, merges related fragments, and consolidates everything into cleaner topics, so the store doesn't grow into a pile of half redundant snippets over time. Most agent memory I've looked at just shoves the chat history into RAG. That works for about a week before the store gets noisy and starts hurting sessions. Grok Build treats capture and consolidation as separate commands, with the user able to inspect what's saved. The editable part is important. If your agent saves something wrong, or if your conventions change, you need to be able to go find that memory and remove it. Otherwise the agent keeps applying outdated context with full confidence and you spend cycles undoing its mistakes. Managing context for long-running agents is going to need real memory primitives. Write, search, prune, and consolidate, all as first class operations. Grok shipping these three commands is the first time I've seen a consumer product treat memory as its own layer.

@adamtaggart @ledooze @SantiagoAuFund @citizenkoin John Denver could not carry a tune like Karen Carpenter, but when he was on key, his voice was unmatched in melody and feeling.

@ledooze @SantiagoAuFund @citizenkoin He was like Karen Carpenter Back then you'd feel totally uncool admitting you kinda liked them, but you listen to them now and have no problem admitting they have two of the best voices in history

Top 3: Sweet Child O’ Mine She sells Sanctuary Baba O’ Riley

@Tesla @JoeTegtmeyer Very nice to hear!

For a driver born without arms, FSD Supervised is life-changing accessibility “I was born without arms and have driven with my feet my entire life. I’m a fully licensed driver, and traditionally I drove with my left foot on the steering wheel and my right foot handling the gas and brake. My only legal restrictions are automatic transmission and power steering. Over the years, though, the strain from my congenital birth defects has led to significant arthritis in my hips. I drove a Model 3 for the past seven years, and it honestly helped extend my independence in a huge way. Recently upgrading to the Model Y – along with Full Self-Driving – has been a complete game changer for me. It dramatically reduces the physical pressure and fatigue of driving and has helped preserve a level of freedom and mobility that means a great deal to me. Most people understandably think of Tesla in terms of innovation or sustainability, but for some of us, this technology truly becomes life-changing accessibility.” – John F.